“The fund has owned warrants in Zion Bancorporations for a little over a year. While the price of the warrants is very volatile, we believe they present an interesting asymmetrical risk/reward situation that could produce high returns,” wrote Derek Pilecki.
“BofA looks like it’s making good progress on the capital build-up. It’s a work in progress with expense cuts continuing. They have to issue stock to make capital targets, but the dilution isn’t overwhelming.”- Derek Pilecki, Gator Capital Management Portfolio Manager
“Citi’s results reflect the weak capital markets environment in the quarter but it looks like they’re making progress in building capital and their credit is continuing to improve.”- Derek Pilecki, Gator Capital Management Portfolio Manager
Covestor: “5 Things I’m Looking For in a Oil Stock Investment- Derek Pilecki, Gator Capital”